**REGISTERED COMPANY NUMBER: 04723576 (England and Wales) REGISTERED CHARITY NUMBER: 1101078** 

## **Report of the Trustees and** 

**Unaudited Financial Statements for the Period 1 August 2020 to 31 December 2021** 

**for** 

**free@last** 

Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL 



**free@last** 

## **Contents of the Financial Statements for the Period 1 August 2020 to 31 December 2021** 

||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Director’s report**|2|
|**Report of the Trustees**|3 to  7|
|**Independent Examiner's Report**|8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10 to  11|
|**Cash Flow Statement**|12|
|**Notes to the Cash Flow Statement**|13|
|**Notes to the Financial Statements**|14 to  26|





## **free@last** 

## **Reference and Administrative Details for the Period 1 August 2020 to 31 December 2021** 

**TRUSTEES** Ricardo Atlan (resigned 14.1.22) Jacqueline Sergent (resigned 1.3.22) Rubina Darr Melissa Shervington Daniel Cremin (resigned 1.3.22) John Moore Naomi Spencer Peter Adkins (appointed 23.1.21) Rachel Mckoy (appointed 23.1.21) Thomas Owen O'Brien (appointed 23.1.21) Rashida Sharif (appointed 23.1.21) Spencer Turner (appointed 23.1.21) Chloe Baker (appointed 25.7.22) Davinder Dosanjh (appointed 25.7.22) **COMPANY SECRETARY** John Street **REGISTERED OFFICE** 49 Nechells Park Road Birmingham B7 5PR **REGISTERED COMPANY** 04723576 (England and Wales) **NUMBER REGISTERED CHARITY** 1101078 **NUMBER INDEPENDENT EXAMINER** Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL **BANKERS** HSBC 9 Queens Square Wolverhampton West Midlands WV1 1TE 

Page 1 



## **free@last** 

## **Chairs report for the Period 1 August 2020 to 31 December 2021** 

During the past 12 months we have had many challenges as trustees and members have changed. We have had 3 resignations from trustees which have been a particular loss to the Communities and Operations committee, however, another trustee has stepped in and is ready to take the role on and face the challenges. We have strengthened the board with two new members and the meetings have proved to be very productive. We have made changes to the agenda and set up advisory groups where required. Some of the challenges of the last year have been making sure that all of the due diligence and compliance is in place with both the trustees and free@last. 

I am confident that we now have all this in place with the implementation of pay structures reviewed, legal obligations reviewed, finance correctly structured, health and safety and maintenance all in place. Other challenges that we are working on which have proved difficult have been the growth of Club 3000, the expansion of the Family Fun Zones and recruitment for more volunteers for roles such as ambassadors. These are all being worked on and we will continue to try new avenues. 

One of the main objectives at the moment is to continue to build partnerships with other organisations such as with Moseley Rugby Club. Fund raising has continued and is being successful with the Odd Ball Run, Battle of the Bands, the Black Tie Ball, BNI and several more. The fund raising through Bid Writing has been successful but we have seen a decline particularly with the smaller grants. Our regular supporters have continued to commit to donations. 

We have a lot of regular volunteers who have continued to support free@last for which we are truly grateful and particularly through the Covid pandemic where no end of needs where met. 

As chair of the trustees I am very happy with the progress that has been made over the last year by the trustees and believe this will continue and go from strength to strength. 

Spencer Turner Chair 

## **Director’s report for the Period 1 August 2020 to 31 December 2021** 

Our country has had to adapt to a wide variety of challenges, over the past couple of years, and the future is still uncertain, with an energy crisis, expected recession and constant change in Government. Amidst the trials and tribulations, we have. Been actively involved with the Commonwealth Games 2022, which has given us a great deal of support and hope for the future opportunities of our children and young people. We continue to have our team challenges, as funding restricts our desire to enable people to stay with us for the long haul, but we continue to adapt and respond to peoples' needs, with the resources we have available. 

We continue to enable and equip local people to cope and work through the challenges they face, which are increasing every day, and we continue to be blessed with a great deal of support from many, many people who have given their time, resources and energy to help us provide for our community, and we are forever grateful for the individual, community and business spirit that has shone through these challenging times. 

We are forever thankful to all of those who share our struggles and make life a little easier to manage, your continued support and generosity is amazing, thank you. 

John Street Director 


Page 2 



## **free@last (Registered number: 04723576)** 

## **Report of the Trustees** 

## **for the Period 1 August 2020 to 31 December 2021** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 August 2020 to 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Vision** 

To improve the lives of the children and young people of Nechells. 

## **Mission** 

free@last is committed to providing opportunities, activities, mentoring and support for children and young people in Nechells, and to further their interests by working with their families, other agencies and relevant professionals. 

## **Values** 

Giving opportunities to all young people in Nechells without distinction. 

## **Aims and objectives** 

To engage children and young people in a range of developmental and progressive activities which provide opportunities for success and to broaden their horizons. 

To support children and young people through life's challenges and difficulties. 

To support their families to provide the best possible environment for their children to grow, develop and flourish. 

To take a multi-agency approach to improving the lives of children and young people. 

## **Public benefit** 

The trustees confirm that: in the exercise of their powers as charity trustees, they have due regard to the published guidance from the charity commission on the operation of the public benefit requirement; and the aims of the charity are carried out for the public benefit. The trustees consider the support to disadvantaged and poorer members of the community in Birmingham, and dissemination of lessons learned to the rest of the country, to be of public benefit, having had regard to the Charity Commission's general guidance on public benefit. 


Page 3 



**free@last (Registered number: 04723576)** 

## **Report of the Trustees for the Period 1 August 2020 to 31 December 2021** 

## **STRATEGIC REPORT Achievement and performance Charitable activities** 

## **CHILDREN & YOUNG PEOPLE** 

## **Introduction** 

The heart and soul of free@last is focused on the children and young people of Nechells, with the aim of broadening their horizons through a wide variety of opportunities and unconditional support to help them through the difficulties and challenges they face. We are a needs-led organisation that builds positive and meaningful relationships with young people and through these relationships we are able to constantly adapt and develop our work to reflect the desires and dreams of those we are here to serve. 

## **Youth Activities** 

Usually, at free@last we run several youth clubs to help give children aged between five and eighteen a safe environment to relax and have fun together whilst at the same time build confidence, new friendships and positive relationships. These clubs offer participants access to our other services as well as off-site trips and activities. Alongside the youth clubs we run other clubs and activities including an adventurous activity club, Nechells Young Leaders, a choir, a young peoples' Rotary group, business skills, and life skills for young people. 

Our youth led business, called Brum Ting Ltd, run by 4 teenagers, with the aim of providing products for both tourists to Birmingham and local Brummies, who want to own an item of clothing, jewellery or promotional products with their own city printed on. Brum Ting has been awarded a Commonwealth Games 2022 United project status and launched an online platform in April 2021. 


## **FAMILIES** 

Sadly, once again, there is still no specific funding currently available for a dedicated Dads Worker or a family worker. However, the important role of dads in particular is still actively promoted within our services, with support given as much as possible when our limited resources allow. 

We do support many whole families, providing support for children and parents, whole family activities, day trips and families residentials. We have a parent's group to help plan family sessions and for them to raise awareness of our activities with their neighbours and friends, During Christmas, we run several family orientated events, but unfortunately our usual sit-down meal on Christmas Day was cancelled again because of Covid. We therefore had several volunteers who offered to delivery Christmas lunch, presents and food parcels to 70 people. It was a wonderful way for them to enjoy Christmas Day. 

## **Advice & Guidance** 

We continue to provide a specialist service helping local people with their personal debt and benefit problems. Our experience has shown that a supportive, understanding and approachable service is essential for those with financial difficulties to feel relaxed and comfortable discussing their personal circumstances with someone not known to them personally. With our advocacy service available for local people our aim is to have a positive influence on our clients' ability to be responsible for their own money management and benefits entitlement awareness. 

We have also supported people with housing issues, addiction, the criminal justice system, parenting, food poverty, digital poverty, grief, and employability to name just a few of the many issues we have supported people through over this past year. 

Page 4 



## **free@last (Registered number: 04723576)** 

## **Report of the Trustees for the Period 1 August 2020 to 31 December 2021** 

## **STRATEGIC REPORT What practical difference do we make?** 

During the past couple of years, with all the trials and challenges of Covid-19, we still provided a great deal of support and opportunities for many people. The below table shows a comparison of how many people we have supported, showing a social impact value of up to £12.8 million: 

|Provision|2019|2020|Covid-19 Response (3 months)|
|---|---|---|---|
|Individuals|1,109|1,624|1,409|
|Throughput|14,268|19,032|12,234|
|Children & Young People|490|548|273|
|Debt & Benefit Advice|370|398|227|
|Families & Community (&|249|1,911|4,128 (Parcels Distributed)|
|Other)||||
|Social Impact Value|£9,659,904|<br>£12,809,395|£6,099,621|



- 30% of the child population of Nechells benefitted from the charity's services. 

- 143% of the ward population were fed on a throughput basis. 

- • Around 1 in 5 local residents used the charity's services in 2020. 

In comparison, this last year of 2021, has seen a lower number of people but a much higher social impact value. The main reason being the large amount of local people who only came to free@last during Covid, and have not returned to take advantage of our other services. 

|**Service**|**Individuals**|**Attendances**|
|---|---|---|
|Children & Young People|300|9,411|
|Families|155|1,055|
|Advice & Guidance|362|1,088|
|Businesses|547|4,780|
|Other|175|1,404|
|Total:|1,539|17,738|



Social Impact Value: £15,980,301 

Although we opened a café facility, providing more affordable, home cooked meals for local residents, and we were able to run it for 12 months with 2 paid workers (both local mums), the support from local businesses and residents was lacking enough to cover the running costs. Although this has now closed, both ladies have improved their career aspects and are thriving. 

## **Businesses** 

It is the intention of free@last to become as selfsustaining as possible through running our own businesses and generating our own income from a wide variety of sources. This accounting year has a significant decrease in our business income as we were forced to close our entertainment business during Covid-19. We have not sat back and waited for the circumstances out of our control to change, we have begun negotiations with several shopping centres to expand and replicate our Family Fun Zone business into new towns and cities. With the expected success of Brum Ting as well as the Family Fun Zone, we are hoping to increase our business profit for free@last so that we can recruit staff members for at least 10 years, rather than losing key employees due to funding restrictions. 


Page 5 



## **free@last (Registered number: 04723576)** 

## **Report of the Trustees for the Period 1 August 2020 to 31 December 2021** 

## **STRATEGIC REPORT** 

## **Family Fun Zone** 

This is our activity-based unit situated at Star City - a highly popular local leisure and entertainment complex in Birmingham. We offer several pay and play activities including archery, crossbows, BB gun target shooting, arts & crafts and a soft play ball pit. 

This business has suffered Covid-19, so has not achieved the expected income to contribute towards free@last's core costs, which has presented many new challenges. We have begun discussions with several shopping centres and intend replicating the Fun Zone cross the West Midlands and further afield. 

Star City continues to show us fantastic support and all the profits from this venture go to free@last to be spent on core costs that other funders are unable to contribute towards. 

## **Financial review** 

## **Principal financial management policies** 

The company is small with limited resources. It operates on the basis of spending as little as possible on whatever it buys and ensures there are funds in the bank before making any commitment. 

## **General financial review** 

Over the past year we have generated income through a variety of different means, including grant making trusts, statutory services, our business, fundraising and general appeals. We have a solid financial position, which we have worked hard to achieve and are now in the process of growth, primarily through generating income through our own businesses, Club 3000 (a monthly giving scheme) and a calendar of events. Our future plans are to increase the impact and availability of our services to more people who live in Nechells. 

Unrestricted funds have increased in the year from £97,992 to £173,635. 

Restricted funds have decreased in the year from £1,995,381 to £1,947,714. This is in large part to the depreciation of the building and other assets held in these funds. 

## **Reserves policy** 

## **General reserves** 

The trustees are working towards holding unrestricted reserves sufficient to meet the charity's day to day expenditure for six months. This target is a long way from being fulfilled and will take several years to achieve. Restricted funds will depend on timing of securing and receiving funding and timing of the expenditure on activities. activities. 

Free reserves at the 31 December 2021 were £107,282. Free reserves are unrestricted reserves, excluding those tied up into fixed assets. 

## **Future plans** 

Over the following year our plans are as follows: 

- We aim to increase the provision of our youth services to fill the gaps and enable all our young people to access services and support for improving their lives. 

- We aim to provide new services to address some of the health inequalities and difficulties that our community faces, particularly sporting initiatives. 

- Increase the involvement of young people and adults in social action in our neighbourhood. 

- Generate more self-funded income through our businesses. We aim to develop the relationships we have with businesses and improve our partnership working in all 3 sectors. 

Page 6 



**free@last (Registered number: 04723576)** 

## **Report of the Trustees for the Period 1 August 2020 to 31 December 2021** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document and Charity Constitution** 

free@last began in August 1999 and first registered as a Charity on 9th December 1999 and then became a charitable company limited by guarantee on 4th April 2003. The charity and company numbers and other information are included as a front sheet. 

The company was established under a Memorandum of Association which established the objects and powers of the company. It is governed under its Articles of Association under which the board of directors (who are also Trustees of the charitable company) are elected at AGM to serve for a period of up to three years. 

## **Recruitment and appointment of new trustees** 

The trustees are appointed by the board. The company requires a minimum of three and a maximum of twelve trustees to be appointed. The board identify areas where particular knowledge or expertise is required and seek to recruit new trustees by advertising, personal contacts and recruitment events. 

## **Organisational structure** 

The charity is a small entity which is run on a daily and operational basis by the chief executive together with a small number of employees and volunteers. The board of trustees meet a minimum of four times a year and take responsibility for decisions regarding services, the building, people and the businesses operated by the charity. 

## **Induction and training of new trustees** 

Potential trustees attend the premises and a board/committee meeting as part of the induction process to ensure they are familiar with the services provided and our procedures. They are nominated by the board before appointment. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems established to mitigate those risks. 

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22 September 2022 and signed on the board's behalf by: 

................................................................. John Street - Secretary 

Page 7 




## **Independent Examiner's Report to the Trustees of free@last (Registered number: 04723576)** 

## **Independent examiner's report to the trustees of free@last ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the period 1 August 2020 to 31 December 2021. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

David Williams FCA FCCA Institute of Chartered Accountants in England and Wales Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL 

22 September 2022 

Page 8 



## **free@last** 

## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Period 1 August 2020 to 31 December 2021** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>Other trading activities<br>3<br>Investment income<br>4<br>Other income<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>5<br>**Charitable activities**<br>6<br>General<br>Building<br>Youth and Children<br>Families<br>Advice and Guidance<br>**Total**<br>**NET INCOME/(EXPENDITURE)**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>**189,502**<br>**141,576**<br>**22**<br>**-**<br>**331,100**<br>**112,220**<br>**129,751**<br>**-**<br>**8,886**<br>**4,600**<br>**-**<br>**255,457**<br>**75,643**<br>**97,992**<br>**173,635**|Restricted<br>funds<br>£<br>**199,153**<br>**-**<br>**-**<br>**-**<br>**199,153**<br>**-**<br>**138,895**<br>**36,165**<br>**67,313**<br>**-**<br>**4,447**<br>**246,820**<br>**(47,667)**<br>**1,995,381**<br>**1,947,714**|**Period**<br>**1.8.20**<br>**to**<br>**31.12.21**<br>**Total**<br>**funds**<br>**£**<br>**388,655**<br>**141,576**<br>**22**<br>**-**<br>**530,253**<br>**112,220**<br>**268,646**<br>**36,165**<br>**76,199**<br>**4,600**<br>**4,447**<br>**502,277**<br>**27,976**<br>**2,093,373**<br>**2,121,349**|Year Ended<br>31.7.20<br>Total<br>funds<br>£<br>262,479<br>117,332<br>92<br>6,704<br>386,607<br>55,484<br>135,408<br>25,555<br>128,756<br>8,120<br>10,079<br>363,402<br>23,205<br>2,070,169<br>2,093,374|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 9 



## **free@last (Registered number: 04723576)** 

## **Balance Sheet 31 December 2021** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>12<br>**CURRENT ASSETS**<br>Debtors<br>13<br>Cash at bank and in hand<br>**CREDITORS**<br>Amounts falling due within one year<br>14<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**CREDITORS**<br>Amounts falling due after more than one year 15<br>**NET ASSETS**|Unrestricted<br>funds<br>£<br>**66,353**<br>**6,885**<br>**161,485**<br>**168,370**<br>**(22,202)**<br>**146,168**<br>**212,521**<br>**(38,886)**<br>**173,635**|Restricted<br>funds<br>£<br>**1,900,482**<br>**-**<br>**47,233**<br>**47,233**<br>**-**<br>**47,233**<br>**1,947,715**<br>**-**<br>**1,947,715**|**31.12.21**<br>**Total**<br>**funds**<br>**£**<br>**1,966,835**<br>**6,885**<br>**208,718**<br>**215,603**<br>**(22,202)**<br>**193,401 **<br>**2,160,236**<br>**(38,886)**<br>**2,121,350**|31.7.20<br>Total<br>funds<br>£<br>2,006,499<br>2,566<br>93,488<br>96,054<br>(9,180)<br>86,874<br>2,093,373<br>-<br>2,093,373|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 10 



## **free@last (Registered number: 04723576)** 

## **Balance Sheet - continued 31 December 2021** 

|**FUNDS**<br>17<br>Unrestricted funds:<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Family Activities<br>Restricted funds:<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Advice & Guidance<br>Norton Foundation - new computers<br>ENT Room<br>Barrow Cadbury<br>Fundraisers<br>Covid-19 support grants<br>Henry Smith Charitable Trust<br>Dept for DCMS<br>Neighbourly Seeds of Change<br>**TOTAL FUNDS**|**161,851**<br>**6,916**<br>**1,782**<br>**3,086**<br>**173,635**<br>**1,240**<br>**1,883,578**<br>**31,656**<br>**11,365**<br>**4,882**<br>**927**<br>**38**<br>**-**<br>**7**<br>**13,592**<br>**30**<br>**400**<br>**1,947,715**<br>**2,121,350**|87,802<br>6,996<br>2,515<br>679<br>97,992<br>1,311<br>1,919,743<br>46,086<br>9,062<br>5,382<br>943<br>227<br>11,246<br>1,381<br>-<br>-<br>-<br>1,995,381<br>2,093,373|
|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021. 

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The financial statements were approved by the Board of Trustees and authorised for issue on 22 September 2022 and were signed on its behalf by: 

............................................. John Richard Moore - Trustee 

The notes form part of these financial statements 

Page 11 



## **free@last** 

## **Cash Flow Statement for the Period 1 August 2020 to 31 December 2021** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Interest paid<br>Net cash provided by operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Sale of intangible fixed assets<br>Sale of tangible fixed assets<br>Interest received<br>Net cash used in investing activities<br>**Cash flows from financing activities**<br>New loans in year<br>Loan repayments in year<br>Net cash provided by financing activities<br>**Change in cash and cash equivalents**<br>**in the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end**<br>**of the reporting period**|**Period**<br>**1.8.20**<br>**to**<br>Year Ended<br>**31.12.21**<br>31.7.20<br>**£**<br>£<br>**76,241**<br>34,398<br>**(207)**<br>-<br>**76,034 **<br>34,398<br>**(9,258)**<br>(10,523)<br>**-**<br>(58)<br>**-**<br>8,058<br>**22**<br>92<br>**(9,236) **<br>(2,431)<br>**50,000**<br>-<br>**(1,568)**<br>-<br>**48,432 **<br>-<br>**115,230**<br>31,967<br>**93,488**<br>61,521<br>**208,718**<br>93,488|
|---|---|



The notes form part of these financial statements 

Page 12 



## **free@last** 

## **Notes to the Cash Flow Statement for the Period 1 August 2020 to 31 December 2021** 

|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|
|---|---|---|---|---|---|
|||||**Period**||
|||||**1.8.20**||
|||||**to**|Year Ended|
|||||**31.12.21**|<br>31.7.20|
|||||**£**|£|
||**Net income for the reporting period (as per the**|**Statement of**||||
||**Financial Activities)**|||**27,977**|23,204|
||**Adjustments for:**|||||
||Depreciation charges|||**48,922**|37,249|
||Profit on disposal of fixed assets|||**-**|(6,646)|
||Interest received|||**(22)**|(92)|
||Interest paid|||**207**|-|
||(Increase)/decrease in debtors|||**(4,319)**|1,073|
||Increase/(decrease) in creditors|||**3,476**|(20,390)|
||**Net cash provided by operations**|||**76,241**|34,398|
|2.|**ANALYSIS OF CHANGES IN NET FUNDS**|||||
|||At 1.8.20||Cash flow|**At 31.12.21**|
||||£|£|**£**|
||**Net cash**|||||
||Cash at bank and in hand|**93,488**||**115,230**|**208,718**|
|||**93,488**||**115,230**|**208,718**|
||**Debt**|||||
||Debts falling due within 1 year||**-**|**(9,546)**|**(9,546)**|
||Debts falling due after 1 year||**-**|**(38,886)**|**(38,886)**|
||||**-**|**(48,432)**|**(48,432)**|
||**Total**|**93,488**||**66,798**|**160,286**|



The notes form part of these financial statements 

Page 13 



## **free@last** 

## **Notes to the Financial Statements for the Period 1 August 2020 to 31 December 2021** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. 

No amount is included in the financial statements for volunteer time in line with the Charities SORP (FRS 102). Further detail is given in the Trustees' Annual Report. 

The charity receives grants in respect of its core activities. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. 

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

Costs of raising funds includes direct staff and other costs for trading activities to raise funds. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Long leasehold -  Over the period of the lease Plant and machinery -  4% on cost Fixtures and fittings -  10% on cost Motor vehicles -  25% on reducing balance Computer equipment -  33% on cost 

The leasehold building is held under a 125 year lease with Birmingham City Council until August 2141. 

Page 14 



**free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **1. ACCOUNTING POLICIES - continued** 

## **Debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **Cash and cash equivalents** 

Cash and cash equivalents include cash in hand and deposits held at call with banks. 

## **Creditors and provisions** 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

## **Operating Leases** 

Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease. 

## **Taxation** 

The charity is registered with the Charity Commission and under the provisions of Section 478 Corporation Tax Act 2010, is exempt from liability to taxation on its charitable activities.. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **2. DONATIONS AND LEGACIES** 

|Donations<br>Grants|**Period**<br>**1.8.20**<br>**to**<br>Year Ended<br>**31.12.21**<br>31.7.20<br>**£**<br>£<br>**76,044**<br>53,396<br>**312,611**<br>209,083<br>**388,655**<br>262,479|
|---|---|



Page 15 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **2. DONATIONS AND LEGACIES - continued** 

Grants received, included in the above, are as follows: 

|Children in Need<br>Big Lottery Fund - Youth Investment Programme<br>Big Lottery Fund - core activities<br>Barrow Cadbury Trust<br>Birmingham City Council - Local Restrictions Support<br>The Henry Smith Charitable Trust<br>Michael Marsh Charitable Trust<br>The George Perkins Charitable Trust<br>HMRC - Coronavirus Job Retention Scheme<br>BCC - Retail, Hospitality and Leisure grant fund<br>Prov Chptr Warks Benevolent Fund<br>Ratcliffe Foundation<br>Soil Association (Food for Life)<br>Ladywood Neighbourhood Network Scheme<br>Neighbourly Community Fund<br>Heart of England<br>The Greggs Foundation<br>Charities Trust/Cadnet<br>The Martin James Foundation<br>Children's Quarter Happy Healthy Holidays<br>The MSE Charity<br>Charities Aid Foundation<br>Eveson Charitable Trust<br>Birmingham Sport & Physical Activity Trust<br>Gowling WLG<br>St Thomas Dole Charity<br>Power to Change<br>NISA Making A Difference Locally Grant<br>Neighbourly Forum<br>PWC YCSF grant Dept of Digital, culture, media & sport<br>BVSC<br>Aspire4U Community Kickstart<br>The Blakemore Foundation|**Period**<br>**1.8.20**<br>**to**<br>Year Ended<br>**31.12.21**<br>31.7.20<br>**£**<br>£<br>**-**<br>42,152<br>**-**<br>47,160<br>**-**<br>20,000<br>**-**<br>1,200<br>**74,000**<br>-<br>**60,000**<br>-<br>**6,000**<br>-<br>**5,000**<br>8,000<br>**19,542**<br>13,526<br>**-**<br>25,000<br>**-**<br>5,225<br>**-**<br>4,000<br>**-**<br>1,000<br>**-**<br>2,000<br>**-**<br>400<br>**5,000**<br>3,000<br>**-**<br>500<br>**-**<br>25,000<br>**9,000**<br>1,000<br>**-**<br>9,920<br>**6,750**<br>-<br>**31,551**<br>-<br>**10,000**<br>-<br>**8,995**<br>-<br>**5,000**<br>-<br>**1,000**<br>-<br>**20,000**<br>-<br>**1,500**<br>-<br>**400**<br>-<br>**17,398**<br>-<br>**21,153**<br>-<br>**10,122**<br>-<br>**200**<br>-<br>**312,611**<br>209,083|
|---|---|



Page 16 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **3. OTHER TRADING ACTIVITIES** 

|Fundraising events<br>Family Fun Zone<br>Room hire fees<br>Other activities<br>The Café<br>Climbing wall<br>Brumting<br>**4.**<br>**INVESTMENT INCOME**<br>Deposit account interest<br>**5.**<br>**RAISING FUNDS**<br>**Raising donations and legacies**<br>Fundraising events costs<br>Interest payable and similar charges<br>**6.**<br>**CHARITABLE ACTIVITIES COSTS**<br>General<br>Building<br>Youth and Children<br>Families<br>Advice and Guidance|Direct<br>Costs<br>£<br>**266,486**<br>**36,165**<br>**76,199**<br>**4,600**<br>**4,447**<br>**387,897 **|**Period**<br>**1.8.20**<br>**to**<br>Year Ended<br>**31.12.21**<br>31.7.20<br>**£**<br>£<br>**37,302**<br>15,984<br>**71,538**<br>93,134<br>**12,985**<br>6,581<br>**-**<br>1,633<br>**13,340**<br>-<br>**5,640**<br>-<br>**771**<br>-<br>**141,576**<br>117,332<br>**Period**<br>**1.8.20**<br>**to**<br>Year Ended<br>**31.12.21**<br>31.7.20<br>**£**<br>£<br>**22**<br>92<br>**Period**<br>**1.8.20**<br>**to**<br>Year Ended<br>**31.12.21**<br>31.7.20<br>**£**<br>£<br>**32,044**<br>865<br>**207 **<br>-<br>**32,251 **<br>865<br>Support<br>costs (see<br>note 7)<br>Totals<br>£<br>£<br>**2,160**<br>**268,646**<br>**-**<br>**36,165**<br>**-**<br>**76,199**<br>**-**<br>**4,600**<br>**-**<br>**4,447**<br>**2,160**<br>**390,057 **|
|---|---|---|



Page 17 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **7. SUPPORT COSTS** 

|||Governance|
|---|---|---|
|||costs|
|||£|
|General||**2,160**|
|Support costs, included in the above, are as follows:|||
||**Period**||
||**1.8.20**||
||**to**|Year Ended|
||**31.12.21**|<br>31.7.20|
|||Total|
||General|<br>activities|
||**£**|£|
|Accountancy and legal fees|**2,160**|**-**|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||**Period**||
||**1.8.20**||
||**to**|Year Ended|
||**31.12.21**|<br>31.7.20|
||**£**|£|
|Depreciation - owned assets|**48,922**|37,249|
|Surplus on disposal of fixed assets|**-**|(6,646)|
|Independent Examination fee|**2,160**|2,040|



## **8. NET INCOME/(EXPENDITURE)** 

## **9. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the period ended 31 December 2021 nor for the year ended 31 July 2020. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the period ended 31 December 2021 nor for the year ended 31 July 2020. 

## **10. STAFF COSTS** 

|Wages and salaries<br>Social security costs<br>Other pension costs|**Period**<br>**1.8.20**<br>**to**<br>Year Ended<br>**31.12.21**<br>31.7.20<br>**£**<br>£<br>**253,010**<br>173,131<br>**10,792**<br>9,099<br>**3,297 **<br>2,027<br>**267,099**<br>184,257|
|---|---|



Page 18 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **10. STAFF COSTS - continued** 

The average monthly number of employees during the period was as follows: 

||**Period**||
|---|---|---|
||**1.8.20**||
||**to**|Year Ended|
||**31.12.21**|<br>31.7.20|
|General employees|**17**|15|



No employees received emoluments in excess of £60,000. 

The total amount of employee benefits received by key management personnel for the period is £48,693 (2020 £30,685). 

|**11.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>funds<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>75,957<br>Other trading activities<br>117,332<br>Investment income<br>92<br>Other income<br>6,704<br>**Total**<br>200,085<br>**EXPENDITURE ON**<br>Raising funds<br>55,484<br>**Charitable activities**<br>General<br>86,136<br>Building<br>417<br>Youth and Children<br>10,480<br>Families<br>283<br>Advice and Guidance<br>5,203<br>**Total**<br>158,003<br>**NET INCOME/(EXPENDITURE)**<br>42,082<br>**Transfers between funds**<br>(1,797)<br>**Net movement in funds**<br>40,285<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>57,707<br>**TOTAL FUNDS CARRIED FORWARD**<br>97,992|<br>Restricted<br>funds<br>£<br>186,522<br>-<br>-<br>-<br>186,522<br>-<br>49,272<br>25,138<br>118,276<br>7,837<br>4,876<br>205,399<br>(18,877)<br>1,797<br>(17,080)<br>2,012,462<br>1,995,382|Total<br>funds<br>£<br>262,479<br>117,332<br>92<br>6,704|
|---|---|---|
|||386,607<br>55,484<br>135,408<br>25,555<br>128,756<br>8,120<br>10,079|
|||363,402|
|||23,205<br>-|
|||23,205<br>2,070,169|
|||2,093,374|



Page 19 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **12. TANGIBLE FIXED ASSETS** 

|**COST**<br>At 1 August 2020<br>Additions<br>At 31 December 2021<br>**DEPRECIATION**<br>At 1 August 2020<br>Charge for year<br>At 31 December 2021<br>**NET BOOK VALUE**<br>At 31 December 2021<br>At 31 July 2020<br>**COST**<br>At 1 August 2020<br>Additions<br>At 31 December 2021<br>**DEPRECIATION**<br>At 1 August 2020<br>Charge for year<br>At 31 December 2021<br>**NET BOOK VALUE**<br>At 31 December 2021<br>At 31 July 2020|Long<br>leasehold<br>£<br>**1,842,085**<br>**-**<br>**1,842,085**<br>**29,473**<br>**20,878**<br>**50,351 **<br>**1,791,734 **<br>1,812,612<br>Motor<br>vehicles<br>£<br>**33,954**<br>**-**<br>**33,954 **<br>**17,641**<br>**4,078**<br>**21,719**<br>**12,235**<br>16,313|Plant and<br>machinery<br>£<br>**115,000**<br>**-**<br>**115,000**<br>**8,400**<br>**6,517**<br>**14,917**<br>**100,083**<br>106,600<br>Computer<br>equipment<br>£<br>**35,798**<br>**-**<br>**35,798**<br>**31,893**<br>**3,738**<br>**35,631 **<br>**167 **<br>3,905|Fixtures<br>and<br>fittings<br>£<br>**138,567**<br>**9,258**<br>**147,825**<br>**71,498**<br>**13,711**<br>**85,209**<br>**62,616**<br>67,069<br>Totals<br>£<br>**2,165,404**<br>**9,258**<br>**2,174,662 **<br>**158,905**<br>**48,922**<br>**207,827**<br>**1,966,835**<br>2,006,499|
|---|---|---|---|



A legal charge is held against the property, in the name of The Big Lottery Fund, against the total sum of grant income received for the rebuild of £967,537. The charge remains in place for twenty five years from 15 August 2016. 

Page 20 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

|**13.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||**31.12.21**|31.7.20|
|||**£**|£|
||Prepayments and accrued income|**6,885**|2,566|
|**14.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||**31.12.21**|31.7.20|
|||**£**|£|
||Bank loans and overdrafts (see note 16)|**9,546**|-|
||Trade creditors|**6,630**|1,902|
||Social security and other taxes|**3,866**|1,880|
||Accruals and deferred income|**2,160**|5,398|
|||**22,202 **|9,180|
|**15.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
|||**31.12.21**|31.7.20|
|||**£**|£|
||Bank loans (see note 16)|**38,886**|-|
|**16.**|**LOANS**|||
||An analysis of the maturity of loans is given below:|||
|||**31.12.21**|31.7.20|
|||**£**|£|
||Amounts falling due within one year on demand:|||
||Bank loans|**9,546**|-|
||Amounts falling due between two and five years:|||
||Bank loans|**38,886**|-|



The bank loan has been taken out under the Government backed Bounce Back Loan scheme and is repayable over sixty months commencing form November 2021. Interest is charged at a fixed rate of 2.5%. 

Page 21 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **17. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Family Activities<br>**Restricted funds**<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Advice & Guidance<br>Norton Foundation - new computers<br>ENT Room<br>Barrow Cadbury<br>Fundraisers<br>Covid-19 support grants<br>Henry Smith Charitable Trust<br>Dept for DCMS<br>Neighbourly Seeds of Change<br>**TOTAL FUNDS**|At 1.8.20<br>£<br>**87,802**<br>**6,996**<br>**2,515**<br>**679**<br>**97,992**<br>**1,311**<br>**1,919,743**<br>**46,086**<br>**9,062**<br>**5,382**<br>**943**<br>**227**<br>**11,246**<br>**1,381**<br>**-**<br>**-**<br>**-**<br>**1,995,381 **<br>**2,093,373**|Net<br>movement<br>in funds<br>£<br>**74,049**<br>**(80)**<br>**(733)**<br>**2,407 **<br>**75,643**<br>**(71)**<br>**(36,165)**<br>**(14,430)**<br>**2,303**<br>**(500)**<br>**(16)**<br>**(189)**<br>**(11,246)**<br>**(1,374)**<br>**13,592**<br>**30**<br>**400**<br>**(47,666)**<br>**27,977**|At<br>31.12.21<br>£<br>**161,851**<br>**6,916**<br>**1,782**<br>**3,086**<br>**173,635**<br>**1,240**<br>**1,883,578**<br>**31,656**<br>**11,365**<br>**4,882**<br>**927**<br>**38**<br>**-**<br>**7**<br>**13,592**<br>**30**<br>**400**<br>**1,947,715**<br>**2,121,350**|
|---|---|---|---|



Page 22 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **17. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Family Activities<br>**Restricted funds**<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Advice & Guidance<br>Norton Foundation - new computers<br>ENT Room<br>Barrow Cadbury<br>Fundraisers<br>Covid-19 support grants<br>Charities Aid Foundation Resilience<br>Fund<br>Henry Smith Charitable Trust<br>Dept for DCMS<br>Power to Change<br>Neighbourly Seeds of Change<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>**315,939**<br>**1**<br>**8,153**<br>**7,007 **<br>**331,100**<br>**5,999**<br>**-**<br>**57,055**<br>**6,750**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**31,551**<br>**60,000**<br>**17,398**<br>**20,000**<br>**400**<br>**199,153**<br>**530,253**|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>**(241,890)**<br>**74,049**<br>**(81)**<br>**(80)**<br>**(8,886)**<br>**(733)**<br>**(4,600) **<br>**2,407 **<br>**(255,457)**<br>**75,643**<br>**(6,070)**<br>**(71)**<br>**(36,165)**<br>**(36,165)**<br>**(71,485)**<br>**(14,430)**<br>**(4,447)**<br>**2,303**<br>**(500)**<br>**(500)**<br>**(16)**<br>**(16)**<br>**(189)**<br>**(189)**<br>**(11,246)**<br>**(11,246)**<br>**(1,374)**<br>**(1,374)**<br>**(31,551)**<br>**-**<br>**(46,408)**<br>**13,592**<br>**(17,368)**<br>**30**<br>**(20,000)**<br>**-**<br>**-**<br>**400**<br>**(246,819)**<br>**(47,666)**<br>**(502,276) **<br>**27,977**|
|---|---|---|



Page 23 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **17. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Family Activities<br>WECANB7<br>**Restricted funds**<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Family Activities<br>Advice & Guidance<br>Norton Foundation - new computers<br>ENT Room<br>Barrow Cadbury<br>Fundraisers<br>Covid-19 support grants<br>**TOTAL FUNDS**|At 1.8.19<br>£<br>30,282<br>27,744<br>(1,462)<br>98<br>1,045<br>57,707<br>7,464<br>1,924,478<br>42,944<br>28,710<br>-<br>8,866<br>-<br>-<br>-<br>-<br>2,012,462<br>2,070,169|Net<br>movement<br>in funds<br>£<br>45,791<br>(57)<br>(3,435)<br>(217)<br>-<br>42,082<br>(2,573)<br>(25,129)<br>(3,655)<br>(6,896)<br>9,062<br>(3,484)<br>943<br>227<br>11,246<br>1,381<br>(18,878)<br>23,204|Transfers<br>between<br>funds<br>£<br>11,729<br>(20,691)<br>7,412<br>798<br>(1,045)<br>(1,797)<br>(3,580)<br>20,394<br>6,797<br>(21,814)<br>-<br>-<br>-<br>-<br>-<br>-<br>1,797<br>-|At<br>31.7.20<br>£<br>87,802<br>6,996<br>2,515<br>679<br>-<br>97,992<br>1,311<br>1,919,743<br>46,086<br>-<br>9,062<br>5,382<br>943<br>227<br>11,246<br>1,381<br>1,995,381<br>2,093,373|
|---|---|---|---|---|



Page 24 



## **free@last** 

## **Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **17. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Family Activities<br>Advice & Guidance<br>**Restricted funds**<br>General Activities<br>Building Fund<br>Youth and Children Activities<br>Family Activities<br>Advice & Guidance<br>BLF Business Development<br>Norton Foundation - new computers<br>ENT Room<br>Barrow Cadbury<br>Fundraisers<br>Covid-19 support grants<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>186,214<br>-<br>8,154<br>2,017<br>3,700<br>200,085<br>-<br>-<br>118,532<br>(1)<br>13,000<br>20,000<br>(1)<br>5,225<br>1,200<br>21,667<br>6,900<br>186,522<br>386,607|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(140,423)<br>45,791<br>(57)<br>(57)<br>(11,589)<br>(3,435)<br>(2,234)<br>(217)<br>(3,700)<br>-<br>(158,003)<br>42,082<br>(2,573)<br>(2,573)<br>(25,129)<br>(25,129)<br>(122,187)<br>(3,655)<br>(6,895)<br>(6,896)<br>(3,938)<br>9,062<br>(20,000)<br>-<br>(3,483)<br>(3,484)<br>(4,282)<br>943<br>(973)<br>227<br>(10,421)<br>11,246<br>(5,519)<br>1,381<br>(205,400)<br>(18,878)<br>(363,403)<br>23,204|
|---|---|---|



## **Purpose of funds** 

General Activities - Specific Core expenses ie Salaries etc. 

Building Fund - To raise money for the purchase of a new building, which the charity purchased in 2017/2018. The fund is now also for the general upkeep of the property in which the charity received restricted monies for. 

Youth & Children Activities - To provide support and development services to children and young people within the local community through the funding of several full time and part time youth workers. 

Family Activities - Families Project - To provide support and development services to families in the local community in the Nechells area. 

Advice & Guidance - To provide free advice to residents of the Nechells area regarding financial difficulties and welfare benefit entitlements. 

Page 25 



## **free@last** 

**Notes to the Financial Statements - continued for the Period 1 August 2020 to 31 December 2021** 

## **18. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the period ended 31 December 2021. 

## **19. COMPANY LIMITED BY GUARANTEE** 

Free@last is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 

Page 26